Equities research analysts expect that Dycom Industries, Inc. (NYSE:DY) will announce earnings of $0.69 per share for the current quarter, Zacks reports. Six analysts have issued estimates for Dycom Industries’ earnings. The lowest EPS estimate is $0.65 and the highest is $0.71. Dycom Industries posted earnings per share of $1.30 in the same quarter last year, which would suggest a negative year-over-year growth rate of 46.9%. The business is expected to issue its next earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that Dycom Industries will report full-year earnings of $5.71 per share for the current financial year, with EPS estimates ranging from $5.58 to $5.90. For the next year, analysts anticipate that the company will report earnings of $6.91 per share, with EPS estimates ranging from $6.44 to $7.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Dycom Industries.
Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $655.13 million during the quarter, compared to the consensus estimate of $655.72 million. Dycom Industries had a return on equity of 18.67% and a net margin of 5.08%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS.
Several equities analysts have recently commented on the company. Craig Hallum reiterated a “buy” rating and set a $129.00 price objective (up from $114.00) on shares of Dycom Industries in a research report on Tuesday, February 13th. B. Riley lowered their target price on Dycom Industries from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. Canaccord Genuity restated a “buy” rating and issued a $125.00 target price (up previously from $110.00) on shares of Dycom Industries in a research note on Tuesday, February 13th. KeyCorp raised their target price on Dycom Industries from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research cut Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $122.00.
In other Dycom Industries news, Director Patricia Higgins sold 2,604 shares of Dycom Industries stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $109.08, for a total transaction of $284,044.32. Following the completion of the transaction, the director now owns 30,246 shares in the company, valued at $3,299,233.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.35% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. First Personal Financial Services grew its holdings in shares of Dycom Industries by 214.3% in the fourth quarter. First Personal Financial Services now owns 1,075 shares of the construction company’s stock worth $120,000 after acquiring an additional 733 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Dycom Industries by 55.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,529 shares of the construction company’s stock worth $170,000 after acquiring an additional 545 shares during the period. Howe & Rusling Inc. grew its holdings in shares of Dycom Industries by 3,671.1% in the fourth quarter. Howe & Rusling Inc. now owns 1,697 shares of the construction company’s stock worth $189,000 after acquiring an additional 1,652 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Dycom Industries in the fourth quarter worth $214,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Dycom Industries in the fourth quarter worth $224,000.
Shares of NYSE:DY traded down $1.17 on Friday, hitting $107.97. The company’s stock had a trading volume of 286,006 shares, compared to its average volume of 455,158. Dycom Industries has a 1 year low of $73.95 and a 1 year high of $123.99. The stock has a market cap of $3,339.61, a P/E ratio of 27.60, a PEG ratio of 1.52 and a beta of 1.46. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07.
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About Dycom Industries
Dycom Industries, Inc provides specialty contracting services in the United States and Canada. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.
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